$175,000
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813 N University Street Seminole, OK 74868
Other
Residence
12
Beds
8
Baths
6,780
Sq. Ft.
0.86
Acre
Lot
Property Activity
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Investors look: 8 rental units. 4 units are 2 bed and 4 units are 1 bedroom. ( if at full capacity) Rent Potential at 100% occupancy is $53,900. Rent at 80% occupancy is $42,900. Estimated annual expenses. Property tax $1,000: Property Insurance $4,300: Utilities $7,500 : Repairs and Misc $7,000 fo...r a total of $19,800. Net Income after expense is $23,100. 10% cap Rate value indicates value of $231,000. Market value based on comp value is quite different(Less). Borrowing Scenario. $150,000 loan 15 years @ 8% would have a monthly payment of $1,435 a month or $17,220 annually versus net income of $23,100 which provides an attractive debt coverage ratio. **This info is an estimation of taxes, insurance, rent & occupancy rates. EASY TO SHOW
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MLS#
1108797
Property Type
Other
Bedrooms
12
Bathrooms
8 Full
Year Built
1982
Square Feet
6,780
sq. ft
Lot Size
0.86
Stories
2.0
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